EXCALIBUR

Northern Lights joint venture has taken delivery of its fourth dedicated liquefied CO2 (LCO2) carrier, completing the vessel fleet required for the first phase of its carbon capture and storage (CCS) transport and storage operations.The Northern Purpose has arrived in Norway following delivery from Dalian Shipbuilding Offshore Company (DSOC), joining sister vessels Northern Pioneer, Northern Pathfinder and Northern Phoenix to provide CO2 transport capacity for customers across Europe.Northern Lights said the vessel fleet forms the core of its transport solution

Oman has presented Iran with a plan backed by Gulf states to manage the Strait of Hormuz, including collecting voluntary fees for using it, a Gulf source and a Western diplomat told Reuters on Tuesday.The plan could serve as a basis to end the disruption to trade through the strait caused by the U.S.-Israeli war on Iran.President Donald Trump, who abruptly called off a two-week U.S. bombing campaign over the weekend in his latest strategic U-turn, said there were "good talks" under way with Iran but threatened to restart strikes unless negotiations deliver. Iran denies seeking to resume talks with the United States.

On July 23rd, 2026 Amtech, courtesy an invitation from the U.S. Department of Commerce, attended the Grand Opening of the Korea-U.S. Shipbuilding Partnership Center (KUSPC) in Washington DC, a Secretary level event with invitations provided to recognized leaders in the U.S. commercial and naval shipbuilding industry. Amtech has been working with Commerce from the initial release of the first Executive Order issued to recover and develop U.S. maritime dominance. And with that, we will take this opportunity to thank our contacts at Commerce in Washington and Seoul for that support.On arrival to the morning event, the intent was clear. Red "MASGA" hats with U.S.

HD Korea Shipbuilding & Offshore Engineering has signed an agreement with Siemens Digital Industries Software to develop an AI-powered shipyard.The next-generation marine platform is centered on integrating the entire shipbuilding process—from vessel design and production to supply chain management, quality control and maintenance—into a single 3D-model-based data environment powered by AI and digital technologies, enabling the use of consistent information across every stage of the process.

Saudi Arabia on Thursday unveiled plans for a multinational maritime defence coalition aimed at protecting international shipping and energy supply routes in the Red Sea region after attacks by Yemen's Iran-aligned Houthis disrupted one of the world's busiest trade corridors.The Saudi defence ministry said representatives from 43 countries and the European Union attended an international meeting that discussed the proposed coalition, including Saudi Arabia serving as its founding and leading state and hosting its headquarters.